International Debt and Globalization

Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)


Globalization can take many forms and has been defined in various ways. While some maintain that the phenomenon is unique and recent, others see an evolution reaching as far back as the sixteenth century.1 Many still argue over its negative and positive aspects, in a form of “agony versus ecstasy” dialectic.2 Our purpose, rather than judging the effects of the phenomenon, will be to investigate the ties between globalization—or interdependence— and its most severely criticized companion: debt.


International Monetary Fund World Trade Organization Public Debt Sovereign Debt Debt Level 
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© Alexandre J. Vautravers 2013

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